Quotes from Western Union:
- Sterling remains at 7-year highs against the euro. European importers might not get a break.
- Today's CIPS PMI manufacturing survey is forecast to show the sector expanding at a faster pace, which could provide more support for the local currency. The figures are only the beginning of a big week of data and event risk.
- BoE is expected to meet this week to discuss policy. No change is expected, but data that supports the outlook for UK growth should continue to underpin the local currency as the policy meeting reminds investors of the BoE's willingness to look past short-term price dips.
Commentary
GBP review: Western Union
Quotes from Western Union:- Sterling remains at 7-year highs against the euro. European importers might not get a break. - Today's CIPS PMI manufacturing survey is forecast to show the sector expanding at a faster pace, …
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
